Can I retire at age 60 with 890,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$73,495$72,841$72,202$71,579$70,970$68,919
2 years$36,384$35,706$35,050$34,413$33,795$31,745
3 years$24,015$23,334$22,679$22,049$21,441$19,456
4 years$17,832$17,153$16,505$15,885$15,292$13,388
5 years$14,123$13,448$12,808$12,201$11,625$9,806
6 years$11,651$10,982$10,351$9,757$9,198$7,467
7 years$9,886$9,222$8,602$8,022$7,481$5,836
8 years$8,563$7,905$7,295$6,729$6,206$4,648
9 years$7,534$6,883$6,283$5,732$5,226$3,753
10 years$6,712$6,067$5,478$4,941$4,453$3,063
11 years$6,040$5,401$4,823$4,300$3,830$2,520
12 years$5,480$4,848$4,280$3,772$3,319$2,087
13 years$5,006$4,381$3,824$3,330$2,894$1,737
14 years$4,601$3,982$3,436$2,956$2,537$1,452
15 years$4,250$3,638$3,102$2,636$2,234$1,218
16 years$3,943$3,338$2,812$2,360$1,974$1,025
17 years$3,673$3,074$2,559$2,121$1,750$864
18 years$3,432$2,840$2,336$1,911$1,556$730
19 years$3,218$2,632$2,139$1,727$1,387$618
20 years$3,025$2,446$1,963$1,564$1,239$524
21 years$2,851$2,278$1,805$1,420$1,109$444
22 years$2,692$2,127$1,664$1,291$994$377
23 years$2,548$1,989$1,536$1,175$892$321
24 years$2,416$1,864$1,421$1,072$802$273
25 years$2,295$1,749$1,316$979$722$232
26 years$2,183$1,644$1,221$895$650$198
27 years$2,079$1,547$1,133$819$586$168
28 years$1,984$1,458$1,054$751$529$144
29 years$1,895$1,375$980$688$477$122
30 years$1,812$1,299$913$632$431$104
31 years$1,734$1,228$851$580$390$89
32 years$1,662$1,162$794$533$353$76
33 years$1,594$1,100$742$490$319$65
34 years$1,530$1,043$693$451$289$55
35 years$1,470$989$648$415$262$47
36 years$1,414$939$606$383$237$40
37 years$1,360$892$567$352$215$34
38 years$1,310$847$531$325$195$29
39 years$1,262$806$498$300$177$25
40 years$1,217$767$467$276$160$21
41 years$1,174$730$437$255$145$18
42 years$1,133$695$410$235$132$16
43 years$1,094$662$385$217$120$13
44 years$1,057$631$361$201$109$11
45 years$1,022$602$339$185$99$10
46 years$989$574$319$171$90$8
47 years$957$548$299$158$81$7
48 years$926$523$281$146$74$6
49 years$897$499$265$135$67$5
50 years$869$477$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $890,000, adding $2,865 every year, while hoping to spend $49,249 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/21/21 Blend
59$890,000$890,000$890,000$890,000
60$983,735$936,565$922,770$1,035,128
61$1,031,676$930,056$901,282$1,063,906
62$1,082,855$921,578$877,424$1,089,698
63$1,137,553$910,982$851,064$1,116,733
64$1,196,073$898,110$822,065$1,145,142
65$1,258,751$882,795$790,282$1,175,071
66$1,325,954$864,862$755,567$1,206,681
67$1,398,083$844,123$717,760$1,240,157
68$1,475,582$820,379$676,699$1,275,701
69$1,558,934$793,421$632,212$1,313,540
70$1,648,673$763,026$584,119$1,353,926
71$1,745,384$728,960$532,233$1,397,140
72$1,849,708$690,974$476,357$1,443,497
73$1,962,351$648,805$416,289$1,493,346
74$2,084,089$602,175$351,813$1,547,073
75$2,215,775$550,789$282,707$1,605,112
76$2,358,344$494,338$208,737$1,667,942
77$2,512,826$432,492$129,661$1,736,096
78$2,680,355$364,905$45,226$1,810,166
79$2,862,175$291,209$0$1,890,812
80$3,059,656$211,017$0$1,988,818
81$3,274,305$123,921$0$2,106,409
82$3,507,779$29,488$0$2,234,402
83$3,761,901$0$0$2,373,862
84$4,038,677$0$0$2,542,774
85$4,340,317$0$0$2,734,354
86$4,669,249$0$0$2,943,341
87$5,028,148$0$0$3,171,441
88$5,419,958$0$0$3,420,537
89$5,847,919$0$0$3,692,696
90$6,315,598$0$0$3,990,199
91$6,826,924$0$0$4,315,553
92$7,386,219$0$0$4,671,522
93$7,998,245$0$0$5,061,147
94$8,668,245$0$0$5,487,777
95$9,401,992$0$0$5,955,101
96$10,205,842$0$0$6,467,181
97$11,086,798$0$0$7,028,489
98$12,052,570$0$0$7,643,953
99$13,111,651$0$0$8,318,999
100$14,273,395$0$0$9,059,603